What is the Harmony Protocol?
What is harmony?
Harmony is an infrastructure with a scale of 1 to 10 billion people for the future. So Harmony has created a high-performance agreement platform that delivers a decentralized economy for all.
Since July 30, 2015, when Vitalik Butrin, a 23-year-old Russian man, officially introduced the Ethereum platform for decentralized applications, a new viewpoint has materialized on the use of public blockchain. Previously, the most renowned blockchain was the Bitcoin blockchain, which was created with the goal of a global peer-to-peer and decentralized payment system.
As applications developed on the Ethereum platform, the challenge of scalability emerged, and this was a problem that not only Ethereum but all digital currencies struggled with. It has a low rate for international applications such as Visa and MasterCard. Scalability is a function of the three parameters TPS, decentralization, and security.
Ethereum to solve the scalability problem that took several strategies, including the Kasper, plasma, and Sharding noted. Many platforms competed with Ethereum to solve the problem of scalability.
Dfinity managed to raise more than $ 167 million and is a copy of Ethereum, released under the enchanting brand. Dfinity offers a decentralized cloud model that’s similar to Ethereum, though with fewer limitations, and has unlimited capacity.
Cardano is a blockchain-based platform that, like Ethereum, can create and execute smart contracts. The difference is that Cardano is more scalable and delivers security through a layered architecture. Cardano is more mature than Ethereum and Neo. Due to its academic roots, it is more formal than the EOS and is referred to as the second generation blockchain
to become a decentralized operating system to cover a wide range of decentralized applications. EOS wants to eradicate transaction fees forever and claims that its platform will be able to handle millions of transactions per second.
And now Harmony claims to have built an open-source infrastructure for consensus that supports 10 billion users. In this article, we will briefly introduce the Harmony platform.
Harmony platform
They have come together and are looking for a solution for scalability.
The team has received seed money and has new concepts for scalability. The Harmony protocol is making a Google-scale free market for a decentralized economy.
Harmony believes that scalability requires optimization at all layers of a network.
Harmony Consensus Protocol
The Harmonic Consensus protocol uses a multi-step instruction framework to parallelize process processing. So this helps us control the latency of the communication and maintain the throughput of the network as the network gets larger.
System
The Harmony team is designing an operational core to execute its protocol, which increases CPU performance and security. This core also allows more nodes to participate in the consensus, creating a more decentralized network.
Network
Harmony has used network engineering techniques to spread message propagation more intelligently and to form consensus faster. It says understanding network topology helps create the asynchronous protocol.
Infrastructure is open source, which today is considered as a revolutionary consensus platform in decentralized networks due to its high throughput, low latency, and low cost.
Harmony platform features
Open-source infrastructure for world data
Global-scale for the market platform
The emergence of decentralized and reliable economies
Scalable decentralization
The goal is to provide decentralization and scalability while maintaining security. Technology Blockchain promised us a decentralized, scalable platform, but so far no platform has been put in place to meet both needs with security. Harmony pursues such a goal.
Just as Google Vertically completed its search platform, we will use a stack approach to solve the problem of consensus scalability.
We have innovated at every level of consensus algorithms, systems, and networking to maximize our network performance while maintaining decentralization. Our integration is end-to-end, which allows us to have faster iterations and more active optimization than modular methods.
Questions that help to better understand the Harmony Platform
What is the difference between harmony and general blockchain?
Unlike its competitors, Harmony not only focuses on throughput efficiency (number of transactions per second) but also on the number of nodes participating in a decentralized blockchain network.
What does harmony do to solve the problem of scalability?
At the protocol layer, it uses the Sharding-based consensus protocol, which allows nodes to be added to the network. Each fragment contains hundreds of nodes, and a BFT algorithm is used to reach a consensus in seconds.
At the network layer, the QUIC protocol is used to transmit messages faster, and at the system level, the unikernel is used for greater scalability of the operating system in a node.
What can be done with the Harmony Platform?
A variety of applications that require decentralization and high-throughput networks, from games to decentralized exchanges and AI-based markets, can be developed in a cooperative context.
When can everyone use the Harmony Platform?
The founders of Harmony are very eager for programmers and developers to develop their applications based on Harmony, and the main network will be launched by 2019.
